PE Fund Investments
Eyewear retailer Lenskart attracts $100-M from ChrysCapital
Gurugram-headquartered eyewear unicorn Lenskart has attracted USD 100 million from ChrysCapital. The funding is expected to be used for further growth including internationally. Avendus Capital was the financial advisor to Lenskart and its shareholders for this deal. Earlier this year, Lenskart had attracted USD 500 million from Abu Dhabi Investment Authority (ADIA). Founded in 2010, Lenskart is India's largest omnichannel eyewear retailer with a growing presence in Singapore, UAE & other geographies. The company claims to have 20 million customers in India. Lenskart reported a consolidated loss of INR 102.3 Cr in FY22 against a profit of INR 28.9 Cr in FY21. Lenskart's revenue from operations surged 66% to INR 1,502.7 Cr from INR 905.3 Cr in FY21.
From the Venture Intelligence PE-VC Deal Database: Between Oct-11 and Mar-23, Lenskart had attracted over USD 1.6 B from various investors, some of whom have also made part exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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